Reports have claimed the 29-year-old could decide to retire when his contract with Newcastle expires in the summer.
“Any suggestion or unfounded speculation that Michael Owen has any intention of quitting football is totally untrue and wrong,” read a statement from Wasserman Media Group.
“Michael remains as committed to his football career as he ever has been and is deeply and professionally offended that anyone should suggest otherwise.”
It continued: “Michael Owen has instructed lawyers this evening and will take action against any publication which he feels inaccurately or unfairly suggested he is quitting football and is damaging to his professional reputation.”